Business

Angling Direct: The company bucking the retail slump

[ad_1] Image copyright Angling Direct Angling Direct has bucked the recent trend of poor figures from retailers by revealing bumper sales over the four months to November.The fishing equipment retailer's sales rose by 31.5% to £14.6m in the period, helped by a record Black Friday week when sales jumped 56% to £1.3m.The Norfolk-based firm's international sales arose by 98% in November, helped by its new German language website.Earlier in December,
Business

Student loan ruling adds £12bn to government borrowing

[ad_1] Image copyright Getty Images A change in how student loans are recorded in the public finances will add £12bn to the deficit, following an Office for National Statistics ruling.The amount expected not to be repaid, which could be 45% of lending, will be reclassified as public spending.Student loans will now significantly push up the UK's deficit - providing an incentive to reduce tuition fees.The government said the change would
Business

PewDiePie printer hackers strike again

[ad_1] Image caption This text and image form part of a longer document sent to the printers Hackers have taken control of printers around the world.It is the latest in a series of such attacks, but this time they say they have the power to destroy the machines. The stunt was first carried out last month, when one member claimed to have forced about 50,000 printers to create posters supporting
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What’s knocked markets off course?

[ad_1] Image copyright Getty Images Image caption Are US stock markets entering a darker period? Just a few months ago, US financial markets seemed headed for a third year in a row of hefty increases.But shares have tumbled since October, retreating to lower levels than at the start of the year. That decline continued on Friday, as weak economic data in Europe and China sparked a late afternoon sell-off, sending
Business

New Facebook bug exposed millions of photos

[ad_1] Image copyright Reuters Facebook has revealed that a software bug exposed the photos of up to 6.8 million users, including pictures they had not posted.It said several third-party apps had access to "a broader set of photos than usual" for 12 days in September.It is the latest in a series of data breaches at the social network, which has faced scrutiny following the Cambridge Analytica data scandal.The company said
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ECB ends €2.5tn eurozone QE stimulus programme

[ad_1] Image copyright Getty Images Image caption European Central Bank chief Mario Draghi The European Central Bank has confirmed it is ending its huge net asset purchase programme to stimulate the eurozone economy this month. The ECB has stopped its bond-buying scheme, worth €30bn a month, despite a recent slowdown in the bloc's recovery.The move, first announced in June, is a big step towards unwinding the policies brought in to
Business

Films with female stars earn more at the box office

[ad_1] Image copyright Alamy Image caption Gal Gadot played Wonder Woman as an invincible warrior princess If you liked Wonder Woman and Moana in part because they were films led by strong female characters, then it looks like you weren't alone.Conventional wisdom in Hollywood is that male stars are a bigger box office draw, often the reason given for their higher salaries.But that may have been a miscalculation according to
Business

India appoints new central bank governor

[ad_1] Image copyright The India Today Group Image caption Mr Das (left) and former Reserve Bank governor Urjit Patel Shaktikanta Das has been named as the next governor of the Reserve Bank of India.Mr Das, who has previously worked on the board of the central bank and as finance secretary, will serve a three-year term.He was closely associated with the withdrawal of high-value bank notes in 2016, which caused a
Business

Yellow vest protests ‘economic catastrophe’ for France

[ad_1] Image copyright Reuters Image caption About 10,000 took to the streets of Paris The "yellow vest" protests have been "a catastrophe" for the French economy, the finance minister says.France has seen four consecutive weekends of demonstrations against fuel tax rises, high living costs, and other issues.About 125,000 protesters took to the streets on Saturday, with more than 1,700 people arrested. Several tourist sites, including the Eiffel Tower and Louvre